Building Out
Richard Moglen
Stock Trader & Student of the Markets. I help traders improve their systems & performance at TraderLion & Deepvue
May 15, 2025
Market Action
QQQ – Starting to form a range out here. Some fade off highs. Ideally we continue to pause here and let the moving averages catch up
The expectation based on the close and recent action is sideways or higher.
Bulls want to see us follow through up or form a constructive pullback above MAs
Bears want us to reverse lower look to close the recent gap
Daily Chart of the QQQ.
IWM – Nice action after the gap up, 10ema rising. Upside reversal
IBIT – building out a range above the 10ema
Trends (4/4 Up) – Based on the QQQ
Shortest – 10 Day EMA – Above Rising
Short-term – 21 ema – Above Rising
Intermediate term – 50 sma – Above Rising
Longterm – 200 sma – Up – Above Rising
Groups/Sectors
Deepvue Theme Tracker
Deepvue Leaders Heatmap
S&P 500.
Leadership
TSLA One day of pullback and acted well off lows. Still could let the 10 ema catch up.
PLTR Very tight day above the pivot, watching for reconfirmation
NVDA Acting well, starting to build a range
META Pulling back into a prior base pivot area
HOOD Nice action off the 10ema area
MSTR Break lower, watching for a positive expectation breaker.
CRWD Building out the handle above the 21ema. Oops reversal action
UBER Great action, watching for reconfirmation up. Or undercut and rally off the 10ema area
HIMS Big shake off the 10ema area
Key Moves
GRAL significant reclaim of a pivot, ideally tightens now
SEDG strong move. Solar continues to act well
ONON reconfirmation after tight day
VRNA range breakout
Setups and Watchlist
TVTX watching for a range breakout
TTD watching for follow through and break of the flag.
SEZL tightening but ideally pulls in a bit more
LYFT watching for a positive expectation breaker as it builds the post gap range
SN watching for a flag breakout
TTAN watching for breakout to new highs
SEI watching for a range breakout
LEU watching for a post gap range breakout
TEM pulling back into the 10ema pivot area, watching for it to hold here then reconfirm up
CRWV volatile after earnings, Watching for a low risk spot
Today’s Watchlist in List form
Key Names
NVDA, TSLA, META, PLTR, MSTR, CRWD UBER HOOD
TVTX, TTD, SEZL, LYFT, SN, TTAN, SEI, LEU, TEM, CRWV
Focus:
TTAN SEI MSTR PLTR
Themes and Leaders
Strongest Themes: BTC, Miners, Software, Cyber, Solar
Market Thoughts & Focus
Some constructive sideways action. Good closes off lows for the most part. Still would like more consolidation here through time.
Anything can happen, Day by Day – Managing risk along the way
Recent Trade Lab Reports
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